Caterpillar (CAT) Tops Q2 EPS by 45c, Misses on Revenue

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Cat Financial Announces Second-Quarter 2024 Results

August 6, 2024 6:31 AM EDT

NASHVILLE, Tenn., Aug. 6, 2024 /PRNewswire/ -- Cat Financial reported second-quarter 2024 revenues of $865 million, an increase of $72 million, or 9%, compared with $793 million in the second quarter of 2023. The increase in revenues was primarily due to a $50 million favorable impact from higher average financing rates and a $32 million favorable impact from higher average earning assets. Second-quarter 2024 loss was $65 million, a decrease of $215 million, or... More